Kovack Advisors Inc. Makes New $247,000 Investment in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO)

Kovack Advisors Inc. purchased a new stake in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,459 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds have also recently made changes to their positions in CGGO. Principal Securities Inc. grew its position in Capital Group Global Growth Equity ETF by 34.1% during the third quarter. Principal Securities Inc. now owns 121,440 shares of the company’s stock worth $3,661,000 after buying an additional 30,859 shares in the last quarter. Lodestone Wealth Management LLC boosted its position in shares of Capital Group Global Growth Equity ETF by 19.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 18,871 shares of the company’s stock valued at $569,000 after acquiring an additional 3,074 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of Capital Group Global Growth Equity ETF by 4.8% during the third quarter. Moloney Securities Asset Management LLC now owns 23,764 shares of the company’s stock worth $716,000 after purchasing an additional 1,095 shares in the last quarter. FSM Wealth Advisors LLC increased its position in shares of Capital Group Global Growth Equity ETF by 1.5% in the third quarter. FSM Wealth Advisors LLC now owns 142,190 shares of the company’s stock worth $4,287,000 after purchasing an additional 2,055 shares during the last quarter. Finally, Balentine LLC raised its stake in Capital Group Global Growth Equity ETF by 20.3% in the third quarter. Balentine LLC now owns 65,246 shares of the company’s stock valued at $1,967,000 after purchasing an additional 11,026 shares in the last quarter.

Capital Group Global Growth Equity ETF Price Performance

CGGO stock opened at $29.66 on Friday. The firm has a 50 day simple moving average of $30.00 and a two-hundred day simple moving average of $29.90. The stock has a market cap of $5.19 billion, a PE ratio of 24.83 and a beta of 0.96. Capital Group Global Growth Equity ETF has a one year low of $26.52 and a one year high of $30.94.

Capital Group Global Growth Equity ETF Profile

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.